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Legal, Regulation & Compliance

10/08/2019

Pressure mounts on Jupiter's Davies as he faces trust sacking

The board's move shines the spotlight on the equally torrid run of performance Davies is enduring on the much larger Jupiter UK Growth open-ended fund, run along the same lines.

10/08/2019

German Finance Minister Open to Eurozone Crypto to Respond to Libra

The crazy thing is, the creation of government-backed crypto assets is gaining traction from people in high places.

10/08/2019

'Accidental Americans' sue France over FATCA disclosure rules

As a result, the advocacy group says French nationals with dual American citizenship face de facto discrimination, even though "most of these people have no links with the United States."

10/08/2019

Chambers Global Practice Guide 2019: Doing Business in Ireland Trends and Developments Chapter

Among other topics, the authors discussed how Ireland is well positioned as a location of choice for UK companies and new entrants seeking access to the EU post-Brexit.

10/08/2019

EU to launch new impact study on Basel bank capital rules

Most of the accord is in force, but final elements were agreed in December 2017, marking additions so extensive that bankers dubbed it Basel IV.

10/08/2019

Half of banks would not survive a six month crisis, ECB warns

Bigger lenders and subsidiaries of foreign institutions would be most vulnerable, according to the latest ECB bank stress test.

10/08/2019

Brexit Throws a Wrench Into EU’s Fight Against Money Laundering

European banks have been hit by a series of scandals caused by insufficient controls against money laundering, with Danske Bank A/S’s Estonian unit being the most prominent case.

10/08/2019

What’s slowing down the European Banking Union?

Differences in national bank regulation and supervision hamper the process; political factors play a minor role, write Simon Grothe, Michael Koetter, Thomas Krause, and Lena Tonzer

10/08/2019

TCFD: strengthening the foundations of sustainable finance - speech by Mark Carney

Businesses need to keep improving their disclosure of climate risks.

10/08/2019

New SFO guidance on co-operation: go above and beyond

Early legal advice will be vital.

10/07/2019

EU to keep U.S. islands on tax blacklist, drop UAE, Switzerland

EU blacklist to shrink to nine, including three U.S. territories

10/07/2019

Intermeddling - Second bank fined for contravention of Probate Law

These cases illustrate the dangers of intermeddling with an estate and the seriousness with which the Royal Court treats such breaches.

10/07/2019

Britain's first 'deep fake' fraud: Energy executive conned into handing over £200,000 to thieves who used software to fake their boss's voice

It is thought to be first time deep fake technology has been used to defraud a company

10/07/2019

FCA sets out potential remedies to tackle concerns about general insurance pricing

The FCA will also continue its work to ensure firms improve the oversight of their pricing practices and deliver the changes required following other recent policy changes.

10/07/2019

ESMA Opinion Clarifies Application of Pre-Trade Transparency and Price Determination in Frequent Batch Auctions

ESMA will keep monitoring developments in the market

10/07/2019

ESMA Consults on MIFIR Alignment Following the Introduction of EMIR Refit

The recent changes introduced to EMIR via Refit modify the scope of counterparties subject to the clearing obligation – exemption for small financial counterparties and modified determination of non-financial counterparties.

10/07/2019

ESAs highlight money laundering and terrorist financing risks in the EU financial sector

The ESAs are concerned about weaknesses in the control frameworks put in place by financial institutions

10/07/2019

Switzerland and the UAE removed from EU tax haven lists

Finance ministers in the European Union are expected to take Switzerland and the UAE off its list of tax haven jurisdictions on 10 October

10/07/2019

Norway to spend less wealth fund cash amid strong growth: government

Under its 2020 draft budget, cash spending from the fund will decline to 243.6 billion Norwegian crowns ($26.79 billion) next year from 246.2 billion crowns in 2019, the Finance Ministry said.

10/07/2019

Fisch AM CIO backs convertible bonds against global recession

Convertible bonds offer an implied market timing mechanism, as well as much greater capital protection compared to direct equity market investments.

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